GLG Reveals Pay For Big Three

May 1 2008 | 2:00am ET

GLG Partners co-founder Pierre Lagrange, made more than $130 million over the past two years, according to regulatory filings.

A trust benefiting Lagrange—the “L” in GLG—received $86 million last year and $47.6 million in 2006, a proxy statement filed with the U.S. Securities and Exchange Commission shows. Most of the payout to Lagrange, who manages money at the London-based, New York-listed firm, came in the form of discretionary bonuses and limited partner profits.

GLG’s other two principal shareholders, co-CEOs Noam Gottesman and Emmanuel Roman, earned $4.4 million last year and $4.7 million in 2006. The former also enjoyed cash distributions of $116 million in 2007 and $55 million in 2006, while the latter took home $39 million and $19 million.

GLG revealed the compensation figures in advance of its first annual shareholder meeting, set for June.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note